K stock icon

Kellanova
K

$57.48
0.42%
 

About: Following its split from the North American cereal business, Kellanova (previously the global snacking arm of Kellogg) is a leading global manufacturer and marketer of salty snacks, snack bars, frozen breakfast fare, meat alternatives, and other packaged foods. Its offerings are manufactured in around 20 countries and marketed in more than 180 countries. Its product mix includes well-known brands such as Pringles, Cheez-It, Rice Krispies Treats, Pop-Tarts, Eggo, Nutri-Grain, and Morningstar Farms. Sales beyond its home turf account for about half of Kellanova's consolidated sales base.

Employees: 23,000

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 12 analysts
0
News positive %
of 7 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

8% more call options, than puts

Call options by funds: $106M | Put options by funds: $98M

3% more capital invested

Capital invested by funds: $16.3B [Q4 2023] → $16.8B (+$429M) [Q1 2024]

0.32% more ownership

Funds ownership: 85.31% [Q4 2023] → 85.63% (+0.32%) [Q1 2024]

7% less repeat investments, than reductions

Existing positions increased: 276 | Existing positions reduced: 298

3% less funds holding

Funds holding: 834 [Q4 2023] → 806 (-28) [Q1 2024]

17% less funds holding in top 10

Funds holding in top 10: 6 [Q4 2023] → 5 (-1) [Q1 2024]

26% less first-time investments, than exits

New positions opened: 81 | Existing positions closed: 109

Research analyst outlook

12 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$54
6%
downside
Avg. target
$61
7%
upside
High target
$72
25%
upside

12 analyst ratings

positive
17%
10 neutral
83%
negative
0%
DA Davidson
Brian Holland
25%upside
$72
Buy
Maintained
9 May 2024
Barclays
Andrew Lazar
11%upside
$64
Equal-Weight
Maintained
6 May 2024
TD Cowen
Robert Moskow
8%upside
$62
Hold
Maintained
3 May 2024
JP Morgan
Ken Goldman
15%upside
$66
Neutral
Maintained
3 May 2024
Jefferies
Rob Dickerson
6%downside
$54
Hold
Maintained
11 Mar 2024

Financial journalist opinion

Based on 7 articles about K published over the past 30 days